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10 things you need to know before the opening bell on June 26

Updated : 2019-06-26 08:23:12

Indian shares are likely to open lower on Wednesday following negative sentiment in the global markets. Asian shares declined after US Federal Reserve policy makers tempered expectations of further rate cuts. At 7.14 AM, the SGX Nifty futures traded 26.5 points or 0.22 percent lower, pointing to a negative start for the Sensex and the Nifty 50.

1. Asia: Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. The Nikkei in Japan slipped 0.5 percent while the Topix also fell 0.46 percent. Over the South Korea, the Kospi shed 0.12 percent. (Image: Reuters)
1. Asia: Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. The Nikkei in Japan slipped 0.5 percent while the Topix also fell 0.46 percent. Over the South Korea, the Kospi shed 0.12 percent. (Image: Reuters)
2. US: Stocks fell on Tuesday led by sharp declines in the tech and Powell's remarks. Investors still appear to be predicting a cut next month but on Tuesday they scaled back more aggressive bets that the cut would be half a percentage point. The Dow Jones Industrial Average closed 179.32 points lower at 26,548.22, the S&P 500 lost 0.95 percent at 2,917.38 and the Nasdaq Composite dropped 1.5 percent, to 7,884.72. (Image: Reuters)
2. US: Stocks fell on Tuesday led by sharp declines in the tech and Powell's remarks. Investors still appear to be predicting a cut next month but on Tuesday they scaled back more aggressive bets that the cut would be half a percentage point. The Dow Jones Industrial Average closed 179.32 points lower at 26,548.22, the S&P 500 lost 0.95 percent at 2,917.38 and the Nasdaq Composite dropped 1.5 percent, to 7,884.72. (Image: Reuters)
3. Markets At Close On Tuesday: Indian benchmark indices, BSE Sensex and NSE Nifty50, snapped a two-day losing streak to close higher. The broader NSE Nifty closed up 0.83 percent at 11,796.45, while the benchmark BSE Sensex ended 0.8 percent higher at 39,434.94. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 1,158 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 377 crore. (Image: Reuters)
3. Markets At Close On Tuesday: Indian benchmark indices, BSE Sensex and NSE Nifty50, snapped a two-day losing streak to close higher. The broader NSE Nifty closed up 0.83 percent at 11,796.45, while the benchmark BSE Sensex ended 0.8 percent higher at 39,434.94. Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 1,158 crore on a net basis in the cash market, while domestic institutional investors (DIIs) bought shares worth Rs 377 crore. (Image: Reuters)
4. Crude Oil: Oil prices rose over 1 percent on Wednesday to hit their highest in nearly a month as widely-watched data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential US-Iran conflict. Front-month Brent crude futures, the international benchmark for oil prices, were up 1.4 percent at $65.97 by 0006 GMT. US West Texas Intermediate (WTI) crude futures were at $58.97 per barrel, up 2 percent from their last settlement. (Image: Reuters)
4. Crude Oil: Oil prices rose over 1 percent on Wednesday to hit their highest in nearly a month as widely-watched data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential US-Iran conflict. Front-month Brent crude futures, the international benchmark for oil prices, were up 1.4 percent at $65.97 by 0006 GMT. US West Texas Intermediate (WTI) crude futures were at $58.97 per barrel, up 2 percent from their last settlement. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.34 against the US dollar, 0.01 percent lower on Tuesday. The dollar index, which measures the U.S. currency against six of its peers, was at 96.2610 after slipping from levels above 97.5 last week. (Image: Reuters)
5. Currency: The rupee closed at Rs 69.34 against the US dollar, 0.01 percent lower on Tuesday. The dollar index, which measures the U.S. currency against six of its peers, was at 96.2610 after slipping from levels above 97.5 last week. (Image: Reuters)
6. Goods And Services Tax Council: Finance Commission Chairman N K Singh on Tuesday stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to address various concerns on the taxation regime. He said the Commission had requested the Finance Minister, who is the Chairman of the GST council, regarding this, and has received a favourable response. (stock image)
6. Goods And Services Tax Council: Finance Commission Chairman N K Singh on Tuesday stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to address various concerns on the taxation regime. He said the Commission had requested the Finance Minister, who is the Chairman of the GST council, regarding this, and has received a favourable response. (stock image)
7. Government On Pension Age: The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age which the government is looking into. The proposal, under the Atal Pension Yojana (APY), is being examined by the government, said Union Minister of Finance Corporate Affairs, Nirmala Sitharaman in a written reply to Parliament.The APY is based on defined benefit for providing a guaranteed minimum monthly pension of Rs 1,000/Rs 2,000/Rs 3,000/Rs 4,000/Rs 5,000 at the age of 60 years based on the pension amount chosen. (stock image)
7. Government On Pension Age: The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age which the government is looking into. The proposal, under the Atal Pension Yojana (APY), is being examined by the government, said Union Minister of Finance Corporate Affairs, Nirmala Sitharaman in a written reply to Parliament.The APY is based on defined benefit for providing a guaranteed minimum monthly pension of Rs 1,000/Rs 2,000/Rs 3,000/Rs 4,000/Rs 5,000 at the age of 60 years based on the pension amount chosen. (stock image)
8. Government On Bimal Jalan Report: The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report. The money will come in over three years and is most likely used for regular government spending, Japanese brokerage Nomura said in report Tuesday. (Image: Reuters)
8. Government On Bimal Jalan Report: The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report. The money will come in over three years and is most likely used for regular government spending, Japanese brokerage Nomura said in report Tuesday. (Image: Reuters)
9. E-Commerce Policy: The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said.<br />This was informed by Commerce and Industry Minister Piyush Goyal in his second marathon meeting with stakeholders, including e-commerce companies, on Monday.<br />
9. E-Commerce Policy: The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said.
This was informed by Commerce and Industry Minister Piyush Goyal in his second marathon meeting with stakeholders, including e-commerce companies, on Monday.
"We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months," the official said. (stock image)
10. RBI Union Meeting: A day after the Reserve Bank (RBI) announced resignation of deputy governor Viral Acharya, the central bank's employees association has called for a<br />collegium of experts to select new governor and deputy governors so as to ensure autonomy of the central bank. (Image: Reuters)
10. RBI Union Meeting: A day after the Reserve Bank (RBI) announced resignation of deputy governor Viral Acharya, the central bank's employees association has called for a
collegium of experts to select new governor and deputy governors so as to ensure autonomy of the central bank. (Image: Reuters)
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